Examples of Series AA Preferred Stock in a sentence
The conversion price for (i) the Preferred A Stock shall initially be the respective Original Issue Price of the Preferred A Stock, and (ii) the Series AA Preferred Stock shall initially be the Original Issue Price of the Series AA Preferred Stock (respectively, the “Preferred Stock Conversion Price”).
As of the date hereof, there are no outstanding Senior Securities, Parity Securities consist solely of Series A Preferred, Series AA Preferred Stock, Series AA-2 Preferred Stock, and the Junior Securities consist solely of shares of Common Stock.
For purposes hereof, references to Series AA-3 Preferred Stock in this Section 5 shall include the Series A Preferred, Series AA Preferred Stock, Series AA-2 Preferred Stock and all sub-series designated Series AA-4 Preferred Stock, Series AA-5 Preferred Stock and so on that may be authorized following the date hereof.
The holders of Series AA Preferred Stock, voting as a separate series and separate class on an as-converted basis, shall be entitled to elect two (2) members (each, a “ Series AA Preferred Director”) of the Board of Directors at each meeting or pursuant to each consent of the Corporation’s shareholders for the election of directors, and to remove from office any Series AA Preferred Director and to fill any vacancy caused by the resignation, death or removal of any such Series AA Preferred Director.
For purposes hereof, references to Series AA-2 Preferred Stock in this Section 5 shall also include the Series A Preferred, Series AA Preferred Stock and all sub-series designated Series AA-3 Preferred Stock, Series AA-4 Preferred Stock and so on that may be authorized following the date hereof.